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. >> brian: durbin said he would be interested in that. is the president going to keep it to 250,000? that is a negotiating point. if eric cantor said don't talk to me about raising rates that would be wrong. warren buffett says $500,000 should be the threshold. why is the president saying it's $250,000 or i am not signing it? >> kimberly: it's campaign promises. that is his political ideolog ideology. instead of what is best for the country. >> eric: put you on the spot -- >> kimberly: the math shows it won't make a difference. why is he doing it in any way? because he said he would. not good enough reason. obligation to the country. >> bob: he said he wouldn't allow tax cuts to go for people making that money. i think that between that and entitlement reform you will get a deal. >> eric: let me ask this question. i call grover norquist, what is going on here? he said read between the lin lines. only when democrats put up their end of the bargain they would negotiate. if they do, they can change the rate and close a loophole and they will
. >> brian: durbin said he would be interested in that. is the president going to keep it to 250,000? that is a negotiating point. if eric cantor said don't talk to me about raising rates that would be wrong. warren buffett says $500,000 should be the threshold. why is the president saying it's $250,000 or i am not signing it? >> kimberly: it's campaign promises. that is his political ideolog ideology. instead of what is best for the country. >> eric: put you on the spot --...
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some entilement reform is okay with illinois democratic senator dig durbin, but thinks that social security should be left alone. >> social security does not add one penny to our debt. not a penny. it's a separate funded operation and we can do things and i believe we should, smaller things played out long-term that give it solvency. >> and congressman peter king says nobody will get all they want, but if president reagan and speaker o'neill could get a deal, president obama and speaker boehner should as well. >> harris: let's hope that's true. thank you. right now, a child missing, city on edge and volunteers going door-to-door to try to find young dylan. also, no longer a mysteries, but an official cause. we now know why a strip club blew up and more than 40 buildings and homes including a day care center were heavily damaged. debris for blocks. and we'll check with the firefighters injured trying to save lives. and can it get any bigger? the powerball lottery mightier and millions of americans buying tickets. are you playing? stay close. with verizon. hurry in this saturday and sunday fo
some entilement reform is okay with illinois democratic senator dig durbin, but thinks that social security should be left alone. >> social security does not add one penny to our debt. not a penny. it's a separate funded operation and we can do things and i believe we should, smaller things played out long-term that give it solvency. >> and congressman peter king says nobody will get all they want, but if president reagan and speaker o'neill could get a deal, president obama and...
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but i want to go back to senator durbin's point. if you want to do something social security, do it. leave social security in the debt aside for the moment, because it doesn't drive debt. i think senator durbin is right on that. they have to negotiate something on medicare. there's no doubt about that. remember, the person doesn't get the medicare payment. questions? anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! >>> on saturday a fire killed more than 100 people. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ and the next great idea could be your
but i want to go back to senator durbin's point. if you want to do something social security, do it. leave social security in the debt aside for the moment, because it doesn't drive debt. i think senator durbin is right on that. they have to negotiate something on medicare. there's no doubt about that. remember, the person doesn't get the medicare payment. questions? anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps...
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i think senator durbin is right on that. they're going to have to negotiate something on medicare, there's no doubt about that. remember the person doesn't get the medicare payment, the hospital or the doctor, the pharmaceutical or whoever it is gets that. that's going to affect a lot of different things. it's going to be really sort of tough going here. but it's obvious that there's going to be some kind of entitlement cuts that come out of this. i don't know how wise that is, but it's going to happen. >> thanks to both of you. we appreciate it. it will be tough for everyone. still outfront a devastating fire kills more than 100 people. and there is a solution. on why and how this could never happen again. if you are one of the millions of men who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you
i think senator durbin is right on that. they're going to have to negotiate something on medicare, there's no doubt about that. remember the person doesn't get the medicare payment, the hospital or the doctor, the pharmaceutical or whoever it is gets that. that's going to affect a lot of different things. it's going to be really sort of tough going here. but it's obvious that there's going to be some kind of entitlement cuts that come out of this. i don't know how wise that is, but it's going...
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we're back in town. >> reporter: so there you heard senator durbin say no more excuses, they're back in town, going to have to get back to work. certainly there is more pressure on lawmakers to get this done. the clock is ticking. some people believe that democrats and the president may feel that they have a little bit more leverage since the president was re-elected on a promise to raise taxes on the wealthy. i can tell you that the hope coming out of the meeting, the prior to thanksgiving meeting, we heard from senator reade saying they hope to meet with the president again. there's not a meeting on the president's schedule but that could certainly change. >> thank you very much. >>> a spectacular scene off miami beach as an 80-foot yacht went up in flames in a matter of minutes. three people were on the yacht yesterday when the fire broke out. they all managed to jump into the waters. rescue crews saved them. nobody was injured but they couldn't do much to save the yacht. the cause of that fire is still under investigation. >>> all you powerball players, get ready. wednesday is go
we're back in town. >> reporter: so there you heard senator durbin say no more excuses, they're back in town, going to have to get back to work. certainly there is more pressure on lawmakers to get this done. the clock is ticking. some people believe that democrats and the president may feel that they have a little bit more leverage since the president was re-elected on a promise to raise taxes on the wealthy. i can tell you that the hope coming out of the meeting, the prior to...
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senators durbin and coburn, both sides, were working on a deal. have you patty murray now empowered by having led the democrats to success in their senate re-election campaign. and she is the incoming head of the budget committee. she is at the table. you've got a group of people on both sides who really want to make this work. and i think the speaker what he is doing as ken just said is sending some red meat, but i don't think anyone seriously thinks that the election mandate is to revisit health care. that is a done deal. >> let me revisit where we started the program this morning. the president believes that a second term agenda is about restoring some faith in the fact that government can work, and this is the first test of that. but then there is immigration reform, which he wants to get done. there's got to be some attention on energy. there's the issue of climate change. but how much of his time is going to be dominated by the necessity for america to figure out what its new strategy is in the middle east, beyond winding down our military f
senators durbin and coburn, both sides, were working on a deal. have you patty murray now empowered by having led the democrats to success in their senate re-election campaign. and she is the incoming head of the budget committee. she is at the table. you've got a group of people on both sides who really want to make this work. and i think the speaker what he is doing as ken just said is sending some red meat, but i don't think anyone seriously thinks that the election mandate is to revisit...
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durbin was the guy who kept saying, where's the tipping point? when the tipping point comes, inflation kicks in, inflation rates go up. who is the guy that gets diddled the most? the middle class. >> the payroll tax goes up and the tax goes up for everybody including the people that make just barely enough to live on. my concern is the world. i'm sitting there imagining you're in england right now or australia or africa and you're watching the news every day. and you know that in the united states both political parties, you sort of know who they are, both know there's a problem, both know the number they need to reach, both know they have to reach an agreement, and they don't do it. what does it say about our country? we're the great role model for democracy for the republican form of government and we can't govern ourselves in the simplest damn thing of getting the numbers straight. i worry about that. >> they love their party more than they love their country. how did we get to that point? don't ask me, but, you know, the whole business of ref
durbin was the guy who kept saying, where's the tipping point? when the tipping point comes, inflation kicks in, inflation rates go up. who is the guy that gets diddled the most? the middle class. >> the payroll tax goes up and the tax goes up for everybody including the people that make just barely enough to live on. my concern is the world. i'm sitting there imagining you're in england right now or australia or africa and you're watching the news every day. and you know that in the...
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said, to sit down and negotiate. >> those were senators dick durbin on "morning joe" and jeanne shaheen on chris jansing discussing entitlement programs. richard and joy, how much leverage does president obama have with the left in terms of making a deal with republicans on medicaid, medicare, social security? >> none. he never does. are you kidding? the left will be disappointed like the day after inauguration day. at the end of the day -- it's kind of a subversive thought but we just had wealthy seniors, seniors in general, vote to get rid of medicare, right? they voted to get rid of medicare as long as no one touched them. if there's some changes that need to be made to the medicare ben fits of wealthy seniors i don't think democrats should make that the hill they die on. that's me. i think democrats are still going to want entitlement programs held harmless. that is true for medicaid and social security. there are things you can theoretically do in terms of raising the cap on how much income is taxed for medicare. things that wouldn't hurt poor seniors. >> richard, i've been citing
said, to sit down and negotiate. >> those were senators dick durbin on "morning joe" and jeanne shaheen on chris jansing discussing entitlement programs. richard and joy, how much leverage does president obama have with the left in terms of making a deal with republicans on medicaid, medicare, social security? >> none. he never does. are you kidding? the left will be disappointed like the day after inauguration day. at the end of the day -- it's kind of a subversive...
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democratic senator dick durbin will give what's being called a major speech laying out a case for a bipartisan fiscal deal. he's a member of the senate's gang of eight, four democrats and four republicans who have collaborated on ways to reduce the nation's debt for two and a half years. democratic senator mark warner is part of the gang and says democrats are willing to put entitlements like medicaid and medicare on the negotiating table. >> the math just doesn't work anymore. not because the programs are bad, but because thank goodness, we're living a lot longer. >> reporter: republicans are also signaling they're more open to compromise. many in the house are distancing themselves from a no-tax increase pledge they signed. they say they'll agree to raising tax revenue by limiting deductions for the wealthy. >> without compromising our principles, we put skin on the game and recognition of the fact that while democrats don't run this town, neither do we. >> reporter: but the two sides remain far apart on the main sticking point. republicans oppose any increase in tax rates for the wealthy. t
democratic senator dick durbin will give what's being called a major speech laying out a case for a bipartisan fiscal deal. he's a member of the senate's gang of eight, four democrats and four republicans who have collaborated on ways to reduce the nation's debt for two and a half years. democratic senator mark warner is part of the gang and says democrats are willing to put entitlements like medicaid and medicare on the negotiating table. >> the math just doesn't work anymore. not...
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. >> brown: majority whip dick durbin answered that social security isn't the issue; it's medicare and medicaid. >> social security does not add one penny to the deficit. it's an important program, a critical program. let's take care of it in the future. let's do it separate from the debt debate. medicare is another story. medicare has 12 years of life left and let me make a point of saying it has eight of those years because of president obama's leadership. >> brown: white house officials said the president will send treasury secretary timothy geithner and legislative chief rob nabors to the capitol tomorrow, to meet with congressional leaders. >> warner: online, we have a primer explaining how the fiscal cliff might affect you. still, to come on the "newshour": debating palestinian status at the u.n.; reading the fine print; tackling immigration reform and re-purposing digital data gathered during the campaign. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: wall street tracked the ups and downs of the fiscal cliff drama in washington today. at one poin
. >> brown: majority whip dick durbin answered that social security isn't the issue; it's medicare and medicaid. >> social security does not add one penny to the deficit. it's an important program, a critical program. let's take care of it in the future. let's do it separate from the debt debate. medicare is another story. medicare has 12 years of life left and let me make a point of saying it has eight of those years because of president obama's leadership. >> brown: white...
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. >> so far senator durbin has limited company among some of his fellow democrats. keeping them honest during the last budget showdown, both sides talked like this, but then they backed away. also, as we mentioned a moment ago, there are late new signs na nobody is quite ready to cut a deal. another round of white house talks between congressional leaders and president obama was promised but is yet to materialize. a senate democratic leadership aide told us that staff level meetings p are meant to lay the groundwork haven't been very productive. one senate republican leadership aide accuses democrats of leaking details in order to portray republicans negatively. the aide notes that the talks are continuing, which ifrts can be read as some sort of progress. whether that's real progress or washington progress remains to be seen. >>> a lot to talk about starting with tennessee republican senator bob corker. senator corker, thanks very much for joining us. let's talk about grover norquist. no new taxes pledge. you said earlier in your career, you told cbs morning news e
. >> so far senator durbin has limited company among some of his fellow democrats. keeping them honest during the last budget showdown, both sides talked like this, but then they backed away. also, as we mentioned a moment ago, there are late new signs na nobody is quite ready to cut a deal. another round of white house talks between congressional leaders and president obama was promised but is yet to materialize. a senate democratic leadership aide told us that staff level meetings p are...
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same thing yesterday with dick durbin who came on the show because eric said, okay, we'll do deals on taxes, but you brought up capital gains tax, no. carried interest, no. raising the actual marginal rates, no, we don't want to do that yet when he left we got calls from democrats saying does he really want to make a deal? >> i got two yesterday that -- >> i got e-mails from democrats going wow, he sounds like he wants to make a deal. one senator said did he really mean what he said? considering that he said nothing, yeah, i guess so but it was the tone then yesterday dick durbin came on and we had to basically stop asking about medicare about three or four minutes in because it was nonsensical talking about creating new programs. but this is a guy that also supporting simpson bowles and let us know like eric, we'll make a deal and figure it out. >> both sides at various times tells you something about recent history. you think about where republicans were a year and a half ago, where their attitude was, no, we will not discuss revenues, not one penny, ever, ever, ever so for cantor t
same thing yesterday with dick durbin who came on the show because eric said, okay, we'll do deals on taxes, but you brought up capital gains tax, no. carried interest, no. raising the actual marginal rates, no, we don't want to do that yet when he left we got calls from democrats saying does he really want to make a deal? >> i got two yesterday that -- >> i got e-mails from democrats going wow, he sounds like he wants to make a deal. one senator said did he really mean what he...
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dick durbin gave the encouraging quote. everything should be on the table. we have to get ourselves out of i had to read it three times because he is number two ranking democrat. and i read behind the scenes, it is a disaster in terms of negotiations moving forward . the word they are using is pathetic about the lack of progress. >> steve: logger heads. >> gretchen: which is what i am talking about. this is the quote that steve hayes brought up on the special report on fox news. when president obama was first elected he talked about how to bring down the deficit and campaign promise to cut it in half and he would do it by focusing on entitlement reform. >> steve: there is the national debt right now. >> gretchen: why doesn't he bring the people to the table and say dick dishin. let's put it all on the table and let's talk about them instead of going out on air force one and getting people to use twitter >> chris: the american society of pensional they have a warning called. if congress does change yourr tax rate, there is a possibility that you might have bi
dick durbin gave the encouraging quote. everything should be on the table. we have to get ourselves out of i had to read it three times because he is number two ranking democrat. and i read behind the scenes, it is a disaster in terms of negotiations moving forward . the word they are using is pathetic about the lack of progress. >> steve: logger heads. >> gretchen: which is what i am talking about. this is the quote that steve hayes brought up on the special report on fox news....
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dick durbin suggested perhaps they need to talk about this we'll see further on that from their side very soon. stuart, thank you. >> bill. bill: see you at 9:20 on fbn. stuart varney with us. here's martha. martha: big word reform, in taxes and entitlements. will that happen? senator graham is not the only republican that says he believes something needs to be done to avoid the fiscal cliff. >> i think everybody should be on the table. i am myself am opposed to tax increases. the fact is the speaker and majority leader and president will be in a room trying to find the best package. i'm not going to prejudge it. saying we should not take ironclad positions. i have faith in john boehner putting together a good package. he is very conciliatory in his language. >> i do am opposed to raising tax rates but i do believe we can close loopholes. >> they have to go up real tax rates or effective tax rates. there are ways to do that. secondly we have to close significant loopholes. martha: all right. what are we hearing here? are he starting to hear a little bit of common ground? a high level
dick durbin suggested perhaps they need to talk about this we'll see further on that from their side very soon. stuart, thank you. >> bill. bill: see you at 9:20 on fbn. stuart varney with us. here's martha. martha: big word reform, in taxes and entitlements. will that happen? senator graham is not the only republican that says he believes something needs to be done to avoid the fiscal cliff. >> i think everybody should be on the table. i am myself am opposed to tax increases. the...
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but i want to go back to senator durbin's point. if you want to do something social security, do it. leave social security in the debt aside for the moment, because it doesn't drive debt. i think senator durbin is right on that. they have to negotiate something on medicare. there's no doubt about that. remember, the person doesn't get the medicare payment. the hospital or doctor, the pharmaceutic pharmaceutical, whoever it is gets that. that will affect a lot of different things. it's really tough going here, but it's obvious that there are going to be some kind of, quote, entitlement cuts that come out of this. i don't know how wise that is, but it's going to happen. i don't think there's much doubt about that. >> thanks to both of you. we appreciate it. >> thank you. >> it's tough for everyone. stim a devastating fire kills more than 100 people, and there is a solution on why and how this could never happen again. it's a new day. if you're a man with low testosterone, you should know that axiron is here. the only underarm treatmen
but i want to go back to senator durbin's point. if you want to do something social security, do it. leave social security in the debt aside for the moment, because it doesn't drive debt. i think senator durbin is right on that. they have to negotiate something on medicare. there's no doubt about that. remember, the person doesn't get the medicare payment. the hospital or doctor, the pharmaceutic pharmaceutical, whoever it is gets that. that will affect a lot of different things. it's really...
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. >> as for the democrats, senator dick durbin says entitlement programs like medicare and medicaid are fair game in deficit negotiations but insists social security should be left alone. >> social security does not add one penny to our debt. not a penny. it's a separate funded operation, and we can do things that i believe we should now, smaller things, played out over the long term that gives it solvency. medicare is another story. only 12 years of solvency lie ahead if we do nothing. so those who say don't touch it, don't change it are ignoring the obvious. >> despite showing a willingness for reform, senator durbin ruled out raising the age for medicare eligibility. if lawmakers fail to act by january 1st, the american people will face roughly $600 billion in tax increases and spending cuts. >>> because he watches "morning joe" every weekday morning -- >> i don't think that's true. maybe. >> -- monday through friday, senator john mccain is taking our advice and softening his attacks on susan rice. after vowing to block her potential nomination as secretary of state. now, republicans
. >> as for the democrats, senator dick durbin says entitlement programs like medicare and medicaid are fair game in deficit negotiations but insists social security should be left alone. >> social security does not add one penny to our debt. not a penny. it's a separate funded operation, and we can do things that i believe we should now, smaller things, played out over the long term that gives it solvency. medicare is another story. only 12 years of solvency lie ahead if we do...
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we have a dick durbin sound bite. dick durbin said that. he was in favor of that. >> i can't stand it. we're losing dick durbin sound bite. megyn: time is short. the point dick durbin couldn't sell it. >> dick durbin couldn't sell peanut butter to children. megyn: was raising retirement age one year, 20 or 30 years from now. >> here's the deal. the simpson-bowles commission was only a starter. it wasn't a solution. the reality is this government is too big, growing too fast, trying to do too much for too many. a child, a 12-year-old with a basic understanding in this country that would equate to, a second grade math comprehension could understand this isn't working. and we have people playing such games, such silly games in washington. and do we go over the cliff? right now i would say the odds are very high that we do because these people have no appreciation for their responsibilities. either to themselves, their constituents or to the country. megyn: lou dobbs, always interesting talking to you. thank you so much for being here. >> thank
we have a dick durbin sound bite. dick durbin said that. he was in favor of that. >> i can't stand it. we're losing dick durbin sound bite. megyn: time is short. the point dick durbin couldn't sell it. >> dick durbin couldn't sell peanut butter to children. megyn: was raising retirement age one year, 20 or 30 years from now. >> here's the deal. the simpson-bowles commission was only a starter. it wasn't a solution. the reality is this government is too big, growing too fast,...
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senator dick durbin joins us this morning. always great to talk to you. appreciate your time. >> thanks, soledad. >> now with this latest development, how hopeful are you that, in fact, a deal is going to get done? and what would that deal look like? >> well, we should reach an agreement. the point i made was, when it comes to medicare, we know that it's going to run out of money in twelve years. whatever changes we want to make should be thoughtful changes. not made in the heat of the fiscal cliff. not done in the closing days here, of a lame duck session. let's look at this thoughtfully and make sure at the end of the day medicare is going to survive and be stronger. but i think there is plenty of ground here for us to come together as democrats and republicans, the congress and the president, and avoid the worst parts of the fiscal cliff. >> okay, so what entitlements then? what would you put on the table? right now it's been the narrative is kind of republicans will put taxes on the table, democrats will put entitlements on the table. and i talked to
senator dick durbin joins us this morning. always great to talk to you. appreciate your time. >> thanks, soledad. >> now with this latest development, how hopeful are you that, in fact, a deal is going to get done? and what would that deal look like? >> well, we should reach an agreement. the point i made was, when it comes to medicare, we know that it's going to run out of money in twelve years. whatever changes we want to make should be thoughtful changes. not made in the...
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if you listen early to what senator durbin said, he said tax rates are effective tax rates. you've got this sort of maneuvering that is being talked about where you would raise the -- we'd have the top rate stay the same but you'd have people over that rate pay the money, not just the marginal rate. so they are maneuvering and i suspect that they will come a deal because simply not coming to a deal has worst effects than not coming to a deal politically. >> saxby chambliss says we're going to have to consider raising taxes, it's for the good of the country. what do you think ultimately? where are republicans going to fall on this? is it going to lead to infighting from the gop? >> i think you'll see a lot of heat and noise but i think at the end of the day you'll see a fair number of americans break with their no tax pledge. saxby chambliss has already done so and grover responded last week by saying that we're going to have a conversation with the people of georgia which is a way of saying that we're going to run a ton of negative ads against you. senator chambliss is up fo
if you listen early to what senator durbin said, he said tax rates are effective tax rates. you've got this sort of maneuvering that is being talked about where you would raise the -- we'd have the top rate stay the same but you'd have people over that rate pay the money, not just the marginal rate. so they are maneuvering and i suspect that they will come a deal because simply not coming to a deal has worst effects than not coming to a deal politically. >> saxby chambliss says we're...
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dick durbin, number two senate democrat and close to the white house and gave a speech yesterday about the entitlement aspect. medicare, medicaid. the entitlement aspect and basically said we don't want entitlements to be part of the immediate talks january 1st but think as democrats they should be part of longer terms talks for next year. i'm just wondering, is there a sense from the white house among democrats of what it is they're prepared to give in on on terms of entitlement? >> not enough to satisfy the republicans, this's for sure. they say up here they have seen nothing. unfortunately, the few people who are beginning to even talk about the need for eventual compromise like a tom cole, like a dick durbin are quickly getting smacked down here, particularly on the republican side. that congressman just got a spanking from john boehner in front of his caucus today so there's -- doesn't seem to be any movement in that direction. i was at a breakfast with bowles and simpson this morning and erskine bowles saying he think there is's a 1 in 3 chance of this working out before the fisc
dick durbin, number two senate democrat and close to the white house and gave a speech yesterday about the entitlement aspect. medicare, medicaid. the entitlement aspect and basically said we don't want entitlements to be part of the immediate talks january 1st but think as democrats they should be part of longer terms talks for next year. i'm just wondering, is there a sense from the white house among democrats of what it is they're prepared to give in on on terms of entitlement? >> not...
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actor/director ben affleck will be here and senator s dick durbin and lindsey graham with george stephanopoulos. >>> extreme couponing gone wrong. check this out. an expert coupon artist involved in a violent confrontation on a discount store who refused to honor her coupons all on tape. mark greenblatt is on the story. mark, good morning. >> and good morning to you. you have seen those pictures, frenzy shoppers attacking each other for those deals. this morning, we got the video of a store manager at a dollar tree physically going after a customer for apparently bringing in too many coupons. you probably heard of extreme couponing by now, thanks to the learning channel show. >> this is "extreme couponing." >> reporter: it's the hobby that's supposed to pay you back in green, not in black eyes, like what happened to this hard-core couponer at the dollar tree in germantown, tennessee. >> as you can see i have broken blood vessels. >> reporter: but her attacker's not a fellow customer, rather, they say, it's the store manager herself. melissa monzo-mart and jennifer hill apparently brought too ma
actor/director ben affleck will be here and senator s dick durbin and lindsey graham with george stephanopoulos. >>> extreme couponing gone wrong. check this out. an expert coupon artist involved in a violent confrontation on a discount store who refused to honor her coupons all on tape. mark greenblatt is on the story. mark, good morning. >> and good morning to you. you have seen those pictures, frenzy shoppers attacking each other for those deals. this morning, we got the video...
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Nov 25, 2012
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but illinois democratic senator dick durbin doesn't want to touch social security. he thinks the new revenue should come from an increase on the tax rates of top earners, which is currently 35%. >> let the rates go up to 39. let us also take a look at the deductions. let's make sure that revenue is an integral part of deficit reduction. from my side of the table, bring entitlement reform into the conversation. social security, set aside, doesn't add to the deficit. when it comes to medicare and medicaid, protect the integrity of the program, but give it solvency for more and more years. >> reporter: a source with engine of knowledge -- with knowledge of the negotiation says there is no date set in stone for the next meeting among the principle negotiate othe timing will depend on the progress of staff member, in the next few days. but we should not be surprised if they get together, sthiem week. shannon. >> shannon: we wish them much luck. thank you. our worst-case scenario, there isn't a deal. the former economics director it'll peter tracy, tells what did you say
but illinois democratic senator dick durbin doesn't want to touch social security. he thinks the new revenue should come from an increase on the tax rates of top earners, which is currently 35%. >> let the rates go up to 39. let us also take a look at the deductions. let's make sure that revenue is an integral part of deficit reduction. from my side of the table, bring entitlement reform into the conversation. social security, set aside, doesn't add to the deficit. when it comes to...
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Nov 27, 2012
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senator dick durbin today suggested that medicare, medicaid and social security ought to be taken off the table for the fiscal cliff covers this year. so where are they going to find these spending cuts? it's going to be kind of painful. take a look at what simpson boles proposes that is sort of the jumping off point for a lot of this debate. they say in the year 2015 going to have $372 billion worth of savings in their plan and start on the defense side, you can see why some of this is going to be so very painful for so many members on capitol hill. want to reduce defense procurement by 15%, they want to reduce overseas bases by 30%, a huge number. that would save just 8.5 billion. they want to freeze dod compensation for three years saving 5.3 billion. and then on the domestic side, they would reduce the congressional and white house budgets by 15% and as appealing that is sounds to most americans it is only going to save about 0.8 billion. they would cut the federal workforce by 10s for 13.2 billion and slow the growth of foreign aid. so brian, as you can see here, there are a lot
senator dick durbin today suggested that medicare, medicaid and social security ought to be taken off the table for the fiscal cliff covers this year. so where are they going to find these spending cuts? it's going to be kind of painful. take a look at what simpson boles proposes that is sort of the jumping off point for a lot of this debate. they say in the year 2015 going to have $372 billion worth of savings in their plan and start on the defense side, you can see why some of this is going...
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Nov 26, 2012
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we asked senator dick durbin to review sobek's documents. >> it's just plain fraud, and your whistleblower brought it to light. and these students sucked in by the ad sign up for courses that lead to nowhere. >> reporter: sarah fisher feels duped. >> $24,000 in the hole for a job i can't use. >> reporter: sobek's claims got a boost by a federal judge. she recommends the case move forward in federal court. mark greenblat, abc news, new york. >> a lot of questions about that situation too. when you consider that their outstanding student loan debt in this country is $1 trillion, buyer beware is what you should go into. look at all the online programs and for-profit colleges with a a real skeptical eye about what you're getting, what it's worth when you graduate. a big deal to a lot of folks. >>> still to come, a deep, dangerous rescue. >> how some divers pulled off a tricky underwater operation 100 feet under the sea. it's all coming up on "world news now." >> announcer: "world news now" continues after this from our abc stations. continues after this from our abc stations. >>> welcome back,
we asked senator dick durbin to review sobek's documents. >> it's just plain fraud, and your whistleblower brought it to light. and these students sucked in by the ad sign up for courses that lead to nowhere. >> reporter: sarah fisher feels duped. >> $24,000 in the hole for a job i can't use. >> reporter: sobek's claims got a boost by a federal judge. she recommends the case move forward in federal court. mark greenblat, abc news, new york. >> a lot of questions...
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Nov 21, 2012
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john who has one of the best albums of the year is 72 senator dick durbin is 68. today is also the birthday of marleau thomas, goldie hawn troy aikman ken griffey jr. and [ inaudible ]. and the moral of this story is astrology means nothing. i have been really thrilled to work here this week, and one of the great things when i get to take over the "bill press show" is to pull it down to my level. yesterday i had muslim dean oh bah doll la and today i have a guy who works with dean, scott blakeman who is one of the stars of laughing liberally off breadway. and scott, i want to thank you for calling happy thanksgiving welcome to the "bill press show." >> happy thanksgiving, john. >> john: you are a jewish comedian who is also liberal, so why do you hate the people of israel? >> ask the people on facebook. >> john: by the way it's amazing your material is so brilliant, and dean is a liberal muslim and i'm a liberal christian, which i sort of the is redundant, but tell us about your take and perspective. >> we just did a stand up for peace show and for about nine year
john who has one of the best albums of the year is 72 senator dick durbin is 68. today is also the birthday of marleau thomas, goldie hawn troy aikman ken griffey jr. and [ inaudible ]. and the moral of this story is astrology means nothing. i have been really thrilled to work here this week, and one of the great things when i get to take over the "bill press show" is to pull it down to my level. yesterday i had muslim dean oh bah doll la and today i have a guy who works with dean,...
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where do you draw the line with data durbin campaigning? are their privacy issues? >> absolutely. we had 18 inside of our campaign that tested our privacy policy. the president believes in this. the new york times reported that if you went to obama for america, you would get a cookie if you went to way porn website. >> that is not true. >> it was on the front page of "the new york times." >> ok. [laughter] >> what about my surfing would have been relevant to you? >> most of that stuff is not true. the best data was things we collected at the doors. there was some commercial stuff that every campaign purchased. the truth is the more we learn about data, the more we learn how imports and the connection was. the door knocking, having a real conversation, that mattered. >> what happens to the database now? >> we went out and survey the our entire world and said to them, what are you going to do? what happens to us? people want to be involved in supporting the president. how about looks is a discussion we need to have. he cannot run two campaigns and then say we're going to do it from
where do you draw the line with data durbin campaigning? are their privacy issues? >> absolutely. we had 18 inside of our campaign that tested our privacy policy. the president believes in this. the new york times reported that if you went to obama for america, you would get a cookie if you went to way porn website. >> that is not true. >> it was on the front page of "the new york times." >> ok. [laughter] >> what about my surfing would have been relevant...
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durbin seems ready to deal, but he seems to be somewhat lopely -- lonely position. reid, his boss, and republicans stumbling around trying to distinguish between raising revenue, tax rates, and how much the federal government should spend. does the republican party have a message that anyone can understand here or that resinates? joining us now, senior writer for the weekly standard, and the republican national committee communications direct. great to have you both here. going first to the negotiations, both sides acknowledging they are not making any progress. where are we to look for leadership down there? >> you know, lou, it's a great question. i think the speaker, after the election, came out the next day and said we're willing to talk about adding additional revenue if the goal here is to try to put more money on the table. there's ways, closing loopholes, growing the economy that we can do that. let's face it. it's a revenue problem. by definition, a deficit exists because you spend too much, and the president who is the leader of the country, you know, clai
durbin seems ready to deal, but he seems to be somewhat lopely -- lonely position. reid, his boss, and republicans stumbling around trying to distinguish between raising revenue, tax rates, and how much the federal government should spend. does the republican party have a message that anyone can understand here or that resinates? joining us now, senior writer for the weekly standard, and the republican national committee communications direct. great to have you both here. going first to the...
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you hear now from the leading democrats like dick durbin saying don't go after social security. they are trying to lay out things they don't want touched but there has to be that. the problem with the white house is we haven't heard from the republicans what they are willing to do. >> isn't it the president's deal to bring everyone to the table? >> bret: there is pressure -- >> there is pressure on the president now. >> jonah? >> some of this is ludicrous. enormous amount of the public negotiating by people who aren't privy to negotiations. particularly from the senators. senators have nothing to do with any of this. who care what is lindsey graham's position is? he is not in on the negotiations. the republican and senate aren't in on the negotiations. there is something in the ecosystem in washington that senators cannot resist being part of the story, even when they have no part in the story. this is between house and white house now. boehner position strikes me as utterly reasonable. he wants more rev lieu without raising the tax rates. whether that is negotiating strategy or
you hear now from the leading democrats like dick durbin saying don't go after social security. they are trying to lay out things they don't want touched but there has to be that. the problem with the white house is we haven't heard from the republicans what they are willing to do. >> isn't it the president's deal to bring everyone to the table? >> bret: there is pressure -- >> there is pressure on the president now. >> jonah? >> some of this is ludicrous. enormous...
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. >> some entitlement reform is okay with illinois democratic senator durbin but he thinks social security should be last alone. >> social security does not add one penny to our debt. it is a separate funded operation and we can do things and i believe we should, now, played out long term that gives it solvency. >>peter: congressman king says no one will get what he wants but in president reagan and thomas "tip" o'neill could make a deal, so, too, should speaker boehner and president obama. >>gregg: and now the top people responsible for our defense, first, general petraeus resigning as head the c.i.a. amid scandal. there could also be big changes at the pentagon. as well at state department. whoever the president chooses, it could impact, for example, the use of armed drones taking out al qaeda overseas. and lots of other security matters. and now, a fox news contributeor and pollster joining us, and former senior advisor to senator john mccain. the use of the unmanned drones to take out terrorists who want to murder americans, on its face it should be a no-brainer but national security a
. >> some entitlement reform is okay with illinois democratic senator durbin but he thinks social security should be last alone. >> social security does not add one penny to our debt. it is a separate funded operation and we can do things and i believe we should, now, played out long term that gives it solvency. >>peter: congressman king says no one will get what he wants but in president reagan and thomas "tip" o'neill could make a deal, so, too, should speaker...
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. >> this morning, dick durbin didn't really want to get into specifics. you aren't hearing a lot of numbers from a lot of people, but did say he was encouraged. take a listen. >> if i sound bland and general at this point, it's exactly to the point he made. when the doors close and we sit down with revenue on one side, entitlements on the other, then we get specific and come up with a bipartisan plan. >> ryan, to susan's point of who is the president talking to, is this something to be hashed out between president obama and john boehner. >> i guess so. because dick durbin himself has been confusing in what he's been saying publicly. on sunday he said sure medicare and medicaid can be part of the discussion. today he's giving a speech where it should not be part of the conversation. there this morning he's saying once we get into a room, we can start talking about it. and there are ways that i think liberals would agree to do medicare and medicaid. you know, if you're tinkering on the supplier side like, you know, say medical device companies or something,
. >> this morning, dick durbin didn't really want to get into specifics. you aren't hearing a lot of numbers from a lot of people, but did say he was encouraged. take a listen. >> if i sound bland and general at this point, it's exactly to the point he made. when the doors close and we sit down with revenue on one side, entitlements on the other, then we get specific and come up with a bipartisan plan. >> ryan, to susan's point of who is the president talking to, is this...
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Nov 27, 2012
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i thought, now, durbin, what are you going to do? i voted for it. it takes some leaders who were willing to sit down and make compromises and listen. in this case apparently the negotiations directly between the white house and speaker boehner, and rob neighbors in the white house, there is no better person for the president to assign to this job. i just think the world of him. i have known him for years and have the highest respect for him. i hope that speaker boehner will just agree to one basic principle and i think we can get this done. that the solution on the house side is going to be a bipartisan solution. it has to be bipartisan in the senate. but if this is going to be an exclusive, republican solution on the house side, i'm afraid we are going to reach the same impasse we have in the past. if he will make a commitment to a bipartisan solution in the house, i think we can get this done. >> questions from the press. gentleman over here. >> norm levy with the "los angeles times." you mentioned that medicaid is a special case. does that mean t
i thought, now, durbin, what are you going to do? i voted for it. it takes some leaders who were willing to sit down and make compromises and listen. in this case apparently the negotiations directly between the white house and speaker boehner, and rob neighbors in the white house, there is no better person for the president to assign to this job. i just think the world of him. i have known him for years and have the highest respect for him. i hope that speaker boehner will just agree to one...
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you were just talking to senator durbin. what would be really good is if this sort of bland smoke, frankly, senator durbin's a friend of mine. but this bland smoke we're hearing on entitlements from democrats and taxes from republicans, if -- behind closed doors they're able to talk more specifically. i think this is what represents, actually, some kind of progress and i'm starting to feel a bit more hopeful than i was a few weeks ago that maybe we're going to start to get somewhere. >> yeah. maybe. i don't know. >> do we still have senator durbin with us? >> yes, i'm still here. >> i don't think he's run away. >> senator durbin, can you talk about putting medicaid to the side, social security to the side, focusing on medicare. put a dollar figure out. how much savings do you think is a reasonable number that democrats could tolerate? we know that the school of thought on taxes is somewhere between 800 and 1.6. we know that spending cuts will probably be $1.2 trillion or north of that. what number could you live with in spec
you were just talking to senator durbin. what would be really good is if this sort of bland smoke, frankly, senator durbin's a friend of mine. but this bland smoke we're hearing on entitlements from democrats and taxes from republicans, if -- behind closed doors they're able to talk more specifically. i think this is what represents, actually, some kind of progress and i'm starting to feel a bit more hopeful than i was a few weeks ago that maybe we're going to start to get somewhere. >>...
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also senators lindsey graham and dick durbin. >>> now to extreme couponing gone wrong. check this out, an expert coupon artist involved in a confrontation with a store manager who refused to honor her coupons. mark greenblatt is on the story. >> you have seen those pictures, frenzy shoppers attacking each other for those deals. this morning, a store manager at a dollar tree physically going after a customer for bringing in too many coupons. you probably heard about extreme couponing by now, thanks to the learning channel. the hobby that's supposed to pay you back in green not in black eyes, like what happened to this extreme couponer in tennessee. her attacker's not a fellow customer it's the store manager herself. melissa and jennifer apparently brought too many coupons to handle. >> we were told that we were harassing her to use those coupons. >> reporter: that's when they recorded the manager getting sassy. >> get the rest of the advil. >> reporter: jennifer left first and watched melissa collected her coupons. when melissa hit the exit, she said instead, she got hit
also senators lindsey graham and dick durbin. >>> now to extreme couponing gone wrong. check this out, an expert coupon artist involved in a confrontation with a store manager who refused to honor her coupons. mark greenblatt is on the story. >> you have seen those pictures, frenzy shoppers attacking each other for those deals. this morning, a store manager at a dollar tree physically going after a customer for bringing in too many coupons. you probably heard about extreme...
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megyn: keurs te megyn: durbin chose two good people to make that example of. people don't love and reveer the hedge fund manager, they make other people a lot of money and they make a lot of money but most people have respect for our navy seals. is he on point? >> i do think he's on point. what monica just said, radical redistribution, we are talking about the radical redistribution is going back to the clinton era tax rates. i mean that just doesn't strike me as radical redistribution. you can argue about whether or not you think those tax rates should go up because of how it may affect the recovery, but to suggest that it's somehow stealing from the rich to give to the poor, we are talking about 3 or 4% average points in the tax code. i think this is really over blown. and i'd also say when jfk was president we didn't have the kind of income inequality that we have today. it is so much greater and getting so much greater every year that i think if he was alive today that he would be exactly where most democrats are on this issue with what senator durbin said
megyn: keurs te megyn: durbin chose two good people to make that example of. people don't love and reveer the hedge fund manager, they make other people a lot of money and they make a lot of money but most people have respect for our navy seals. is he on point? >> i do think he's on point. what monica just said, radical redistribution, we are talking about the radical redistribution is going back to the clinton era tax rates. i mean that just doesn't strike me as radical redistribution....
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entitlement reform but then in the next moment dick durbin says he doesn't want to change medicare. take a listen. >> we have got to make sure that there is seemless coverage of affordable health insurance for every american. my concern about raising that medicare retirement age is there will be gaps in coverage. this has been the problem so far. republicans don't want to give in on taxes they say they will will, they will make some concessions but they haven't yet. democrats say they are willing to work and make concessions on entitlement reform but sketchy on the details. both sides know what they need to do to find common ground but they haven't done it yet. >> ed henry at the white house. thanks. president obama has chosen a new head of the securities and exchange regulation. who heads wall street. her name is elise walter. she has been a member of the commission since president george w. bush appointed her in 2008. she is set now to replace mary shapiro who took over in the middle of the worst financial crisis since the great depression. mary shapiro is credited with leading th
entitlement reform but then in the next moment dick durbin says he doesn't want to change medicare. take a listen. >> we have got to make sure that there is seemless coverage of affordable health insurance for every american. my concern about raising that medicare retirement age is there will be gaps in coverage. this has been the problem so far. republicans don't want to give in on taxes they say they will will, they will make some concessions but they haven't yet. democrats say they are...
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Nov 29, 2012
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and so, as a champion of that fair shake i'm excited to have senator durbin. [applause] >> neera, thank you very much for those kind words your elections as you say have consequences. politics is driven by a lot of things. candids that money -- [inaudible] the center has been at the forefront of that effort to make sure that progressive ideas backed up by more than just -- but arguments of mind. thank you for doing that. i don't know what we do without you. it's an honor to be here with you. she was right. i've been involved in a lot of gang activity. i got to come clean with you. it started with harry reid of when you get to the simpson-bowles commission. 18 members. i thought this was another commission whose product will be lost in history. buried in some hard drive. but it turned out to be a historic effort and the game changer. mainly through the good work of erskine bowles and alan simpson. but hard work that was put into this bite 18 members, evenly divided among house and senate, democrats and republicans. the 11th of us voted for the final work produc
and so, as a champion of that fair shake i'm excited to have senator durbin. [applause] >> neera, thank you very much for those kind words your elections as you say have consequences. politics is driven by a lot of things. candids that money -- [inaudible] the center has been at the forefront of that effort to make sure that progressive ideas backed up by more than just -- but arguments of mind. thank you for doing that. i don't know what we do without you. it's an honor to be here with...
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durbin: madam president? the presiding officer: the senator from illinois. mr. durbin: madam president, the minority leader, senator mcconnell, has addressed two issues, the entitlement programs as well as rules changes smed i would tweefe defer to my colleao discuss the rule changes. i would respond to senator mcconnell on entitlements. there is to question that as a senate and house of representatives we should address the longevity and solvency of social security and medicare. it should be part of our conversation about the deficit facing this country and the debt of our nation. but the way we approach it the changes we make are significant and should be looked at carefully. on the issue of social security, i might remind those following this debate, the answer from the republican side for years was "privatize social security; get government out of the business of retirement; let individuals take their investmen retirementt it." that happened when people saw their life savings evaporate as a result of downturns in the stock market. they started envisioning wh
durbin: madam president? the presiding officer: the senator from illinois. mr. durbin: madam president, the minority leader, senator mcconnell, has addressed two issues, the entitlement programs as well as rules changes smed i would tweefe defer to my colleao discuss the rule changes. i would respond to senator mcconnell on entitlements. there is to question that as a senate and house of representatives we should address the longevity and solvency of social security and medicare. it should be...
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Nov 26, 2012
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and durbin yesterday, senator durbin, yesterday said we're not going to raise the retirement age for medicare. i don't know. so willie, can i ask you something? because we're talking about health care. >> anything. >> and the democrats, they're going, this is the greatest thing ever, and they're crying, this historic cause. >> it's pretty great. >> it happened at my house. you remember right after health care passed and all the republicans on the floor and said, freedom died tonight. >> i remember shortly after it passed, your son signed up for it. go ahead. sorry. willie, continue. >> can i make my point? >> yes, yes, you can. >> so they all went to the house floor and said, freedom died. >> was that before or after joey signed up for it? yes. >> i got nothing else to say. >> okay. >> go ahead. >> oh, was i interrupting? >> 18 times. >> oh, i'm so sorry. >> so senator john mccain softening his attacks on susan rice after vowing to block the potential nomination as secretary of state. republicans claim ambassador rice deliberately misled the country in the aftermath of the september
and durbin yesterday, senator durbin, yesterday said we're not going to raise the retirement age for medicare. i don't know. so willie, can i ask you something? because we're talking about health care. >> anything. >> and the democrats, they're going, this is the greatest thing ever, and they're crying, this historic cause. >> it's pretty great. >> it happened at my house. you remember right after health care passed and all the republicans on the floor and said, freedom...
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Nov 26, 2012
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durbin: mr. president, i've listened closely to this debate because it literally affects my career, my life and the lives of all the members of the senate. it's worth a minute or two to understand what we're talking about in the history -- context of history. it was president woodrow wilson who said to the congress, we want to arm the merchant marine of the united states, put guns on merchant marine ships before world war i, before we were engaged in world war i, to protect those ships from being destroyed or sunk by the warring parties in world war i. he sent that request to congress and it was stopped in this senate? this chamber -- in this senate, in this chamber by one is that right. one senator in those days could stand up and say, "i object." end of story. but president wilson said, that's an outrage that one senator can say that, can stop even the consideration of a measure to protect american lives and our merchant marine? and he created this firestorm of public opinion. and so they creat
durbin: mr. president, i've listened closely to this debate because it literally affects my career, my life and the lives of all the members of the senate. it's worth a minute or two to understand what we're talking about in the history -- context of history. it was president woodrow wilson who said to the congress, we want to arm the merchant marine of the united states, put guns on merchant marine ships before world war i, before we were engaged in world war i, to protect those ships from...
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zachary, senator durbin says he could see $400 billion in entitlement cuts. democratic aides telling politico most of it is going to come from medicare in part by raising the retirement age. a move that more than two-thirds of americans oppose. that's according to the latest "washington post" poll. this is something that democrats are going to have a hard time signing off on. >> remember, the deal that was at least we know tentatively struck in the summer of 2011 was a much more extensive one in terms of entitlement cuts. i think it was up to $2 trillion. that was going to be really difficult for the democrats then. now you're talking $400 billion over ten years. $40 billion a year. these things have to happen. the question is will they happen in the next two weeks. this is where the republicans simply are in a weak position. if we go to january 1st and the dynamic is everything is going up because the republicans will not agree to taxes on the rich, i cannot see how that is a politically winning hand or an economically winning hand. >> we don't know all the
zachary, senator durbin says he could see $400 billion in entitlement cuts. democratic aides telling politico most of it is going to come from medicare in part by raising the retirement age. a move that more than two-thirds of americans oppose. that's according to the latest "washington post" poll. this is something that democrats are going to have a hard time signing off on. >> remember, the deal that was at least we know tentatively struck in the summer of 2011 was a much more...
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you heard dick durbin there. tick off for me and be specific, what are democrats willing to give on in this negotiation? >> well, i think the senator's absolutely correct, we need to compromise. there's no question about that. and we will not, however, in any way, shape or form, jeopardize the planned benefits for social security. i mean that's kind of installed in the american people. we changed social security over the years in order to meet the demands that the program insists upon. we will do that. but we'll do that in a bipartisan fashion. >> okay, so compromise. social security is off the table. medicare, walk me through what are the changes here? >> we've already -- we have already cut benefits. we have already cut dollars for medicare. but not benefits. and we will not compromise on the question of guaranteed benefits of medicare. >> what do you compromise on? >> we can change medicare. as you well know, we save medicare $750 billion -- million dollars and that was because of the medicare advantage progra
you heard dick durbin there. tick off for me and be specific, what are democrats willing to give on in this negotiation? >> well, i think the senator's absolutely correct, we need to compromise. there's no question about that. and we will not, however, in any way, shape or form, jeopardize the planned benefits for social security. i mean that's kind of installed in the american people. we changed social security over the years in order to meet the demands that the program insists upon. we...
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Nov 28, 2012
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durbin making it clear he's -- there's a lot of different ways to get there. would you consider that? ways to raise money from the wealthy without raising rates? >> there are ways to get there. but i think a lot of this goes back to where you start the whole discussion from. you know, those of us who have worked on this for a long time, the simpson/bowles plan, which has gained a lot of attention, even our gang of six efforts, which we think improved upon the plan. we started with the rates going back up, you use that baseline and then you work down. you can then use some of these tax reform ideas to bring the rates back down, but you basically, we need, you know, on a ten year basis, more than $1 trillion of net new revenue as we think about some of the additional cuts we're going to have to make and some of the reforms to the entitlement programs. i agree with the president, let's go ahead and bring the rates back up, but then like simpson/bowles, we can use a tax reform effort, whether it is capping tax expenditures or actually going through in a more thoro
durbin making it clear he's -- there's a lot of different ways to get there. would you consider that? ways to raise money from the wealthy without raising rates? >> there are ways to get there. but i think a lot of this goes back to where you start the whole discussion from. you know, those of us who have worked on this for a long time, the simpson/bowles plan, which has gained a lot of attention, even our gang of six efforts, which we think improved upon the plan. we started with the...
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Nov 28, 2012
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and that's the left of center dick durbin. yesterday, t was taxes, today, there's entitlements, tte impasse continues as we countdown to that deadline. next case, china, clearly the number one world's polluter and criticizes us for not doing enough about climate change, a global carbon tax could be coming, are we going to have to pay? we'll talk to a leading environmentalist after the break and of course, we will have the opening belfour you next. bell for you next. >> all right, just a few seconds away from the opening bell. the futures suggest we're going be to be down nearly 40 points. of we have this fiscal cliff and it's a deadline, the tax increases and more huge spending cuts it seems like the two sides are on impasse it looks likes it's shifted to entitlement reform or cuts and no serious movements in the negotiations and check the big board, the opening trenddis down and we're looking for a 40 point loss when things get moving. i've always said that green mountain coffee, a great day trader's stock, huge volume in the
and that's the left of center dick durbin. yesterday, t was taxes, today, there's entitlements, tte impasse continues as we countdown to that deadline. next case, china, clearly the number one world's polluter and criticizes us for not doing enough about climate change, a global carbon tax could be coming, are we going to have to pay? we'll talk to a leading environmentalist after the break and of course, we will have the opening belfour you next. bell for you next. >> all right, just a...
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Nov 27, 2012
11/12
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durbin's a member of the senate's gang of 8, four democrats and four republicans who have collaborated on ways to reduce the nation's debt for 2 1/2 year. democratic senator mark warner is also in the gang and says democrats are willing to put entitlements like medicaid and medicare on the negotiating table. >> the math just doesn't work anymore not because the programs are bad but because thank goodness we're living a lot longer. >> reporter: republicans are also signalling they are more open to compromise. they say they will agree to raising tax revenue by limiting deductions for the wealthy. >> without compromising our principles we recognize that while democrats don't run this town neither do we. >> reporter: but the two sides remain far apart on the main sticking point. republicans oppose any increase in tax rates for the wealthy. the president refuses to sign any legislation extending the current tax rates to the top 2% of earners. the president has been in negotiations with house speaker john boehner and has said he is willing to put almost anything on the table except social se
durbin's a member of the senate's gang of 8, four democrats and four republicans who have collaborated on ways to reduce the nation's debt for 2 1/2 year. democratic senator mark warner is also in the gang and says democrats are willing to put entitlements like medicaid and medicare on the negotiating table. >> the math just doesn't work anymore not because the programs are bad but because thank goodness we're living a lot longer. >> reporter: republicans are also signalling they...